Stock i si n downtrend when other cements are trading at close to 52 week high areas , this stock i s heading downside. AS long as its trading below 2100-2110 it can head further lower towards 1870-1850 zones the setup seems bearish
the stock is trading with bearish bias and is heading towards south resistance at 5300-5350 area!! its a strong underperformer in IT SPACE the gap down followed by further sell off is an ideal way to judge the underperformance its likley to test 5000 odd zones till its below 5425
“We’re trying to exploit people’s reaction, which is embedded in prices and leads to trends.” ― Michael W. Covel, Trend Following: How to Make a Fortune in Bull, Bear, and Black Swan Markets the stock is in extremely tight bear grip its an underperforming counter a bounce till 1360-1400 zone will be a healthy risk reward for short sell such poor chart setup...
nocil : the stock is in strong trend Now eyeing a breakout from areas tested in 2021 and 2022 Support @ 264-272 zone 325-340 is the ideal next zone to watch on the higher side demand zone-270-290
EID Parry is engaged in sugar, nutraceuticals, and ethanol production. It also has a significant presence in the Farm Inputs business, including biopesticides, through its subsidiary, Coromandel International Limited Co. has four R&D facilities in India including a research farm- recognized by DSIR. In FY22 co. spent Rs. ~6 crores on R&D activities Product...
The stock is a holding company that holds RPSG Ventures, which is present in the BPM industry through its subsidiary Firstsource Solutions Limited (FSL), where it holds ~54% of the stake. FSL provides transformational business process solutions leveraging its ‘Digital First, Digital Now’ approach to create value across segments like banking and financial services,...
Whirlpool: now at the same levels last tested in 2017–2018, i.e., 5 years: net net market cap gains+ 0 the promoter sells around 23% in open market as can be seen ie parent company now holds only 51% stake from earlier close to 75% such underperformance is to be worried about and at same time, if promoter selling such huge stake despite stock being down by...
stock is trading sideways to bullish support at 210-200 area resistance major at 275-290 zone in llast 8 weeks a healthy consolidation took place and a fresh upmove likely once it start to trade above 230 mark
nifty made a new all time high and today it gave the highest closing ever 21950-22040 support while next level to watch on higher side @ 22210-22240 Support came from Banking, IT , CPSE, Chemicals etc
The stock is trading in a strong uptrend Today it witnessed a long awaited breakout from consolidation of almost 40-42 trading sessions the breakout took place along with helthy volumes as can be seen marked by a a semicircle 139-142 could now act as a strong support area with medium term perspective and with that into consideration a decent upmove likely in this stock
In technical analysis, a breakout refers to a substantial price movement of a financial instrument, such as a stock or commodity, surpassing a specific level of support or resistance. This occurrence is of paramount importance, as it frequently signifies the initiation of a new trend, offering traders and investors valuable insights for informed...
The chart indicates a buy signal for the near term. given that the market saw a significant consolidation rejection at the lower end support ! @ 45600-45800 next zone: 47350–47600 aREA Banks that may support = hdfc bank, icici bank , neutral: axis bank weak: kotak bank
Technically, Nifty witnessed a strong up move in last 3 sessions from 21527 lows, its now at 22040 going ahead, support the 21850–21900 area and until it holds these levels, can show the 22200–22250 zone on upside major downside fr long term is now likely only if it trades below 21550–21600!! a strategy related to options like credit spreads or a simple bull...
NIFTY experienced a robust recovery from the lowest regions of the 21540–21560 range. It closed above the 10 EMA levels today, following a two-day break, which is a good sign. Currently, 21550 may serve as a solid basis, and if it holds, the recovery may reach 21900–21950. Looking from the high to the low point, the index had a 2% loss during the previous five...
a decent rise in volumes near a breakout arena If we look at the last few months, the fertilizer companies have done well. chambal fert, facts, etc are just to name a few a rounding bottom does generally well with a medium-term perspective expect the stock to do well as long as its above 700 mark
Indian equity markets witnessed a stunning 2023 with clocking gains of about 20% in the year majorly gains came from almost all sectors especially realty, cpse, psu space 21530-21570 is major support for nifty and only below that needs to be on a cautious note while for a fresh leg of up-move, a move beyond 21800–21850 would attract short-covering. till...
JEERA witnessed a CRACKDOWN after an RSI DIVERGENNCE took place in month of august we all have seen a strong one side upmove before the mirror like collapse it is wise to not attempt any BOTTOM FISHING here and wait for prices to settle down its wise to enter long oly if prices show any reliable signals or in other word strength along with volumes level...
turmeric is overall in strong uptrend on weekly frame expect it to turn even more bullish or in other word catch momentum once start trading above swig high areas